City Of Peterborough Consulting the Public On Creation Of A Municipal Services Corporation For Affordable Housing

The City of Peterborough is consulting with the public on the creation of a Municipal Services Corporation for Affordable Housing to allow it to manage the debt needed to build affordable housing in the community.

Photo courtesy of Peterborough Housing Corporation.

The public is invited to review the information about the project and provide feedback at connectptbo.ca/msc.

Setting up a Municipal Services Corporation, or MSC, would allow the City to retain control over future housing development projects. As well, a MSC that operates as a Government Business Enterprise (GBE) would alleviate debt capacity issues for the City, which would enable new approaches to developing rental housing.

Results of this consultation will be included with recommendations for the creation of the Municipal Services Corporation in a report that is expected to be considered by Council in May.

More information, including background on Municipal Services Corporations and previous reports to Council are available at connectptbo.ca/msc.

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